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7/21/2011 11:39AM

Markets Hub: Markets Up on Euro News, Earnings

There is some anticipation in the markets as the euro moved higher following euro-zone meeting on Greek debt. A mix of economic data also gave the markets something to mull over. John Shipman and Paul Vigna discuss. (Photo: Getty Images.)

This transcript has been automatically generated and may not be 100% accurate.

... I ... the euro above one forty three ... that features ... unit here in the US with it the stock to go ... on for one of those awful for me but came up about one thirty nine years and years of making a mean ... there's actually no significant moves in the now you're starting to to get stopped ... looking at your your lives and all the ... retreat that we saw of no name June's it's all ... come back into the ... dollar rebounded so ... be it you this is the sort of the same thing though we've seen over the past year it's basically tell me where the euro is going to go browse the dollar over twelve said the red pigment ... a look at earnings today ... investors focus on Morgan Stanley Pepsi all the lead tech want to talk about those tech earnings ... yet of the deal and Medco thirty billion dollar deal any of this year ... yet it ... is our ball excitement there analysts estimate ... that the merger agents gets people excited but ... it was kinda happy with that were Loosemore jobs probably ... and that the merger of about is odd that no express prescription twenty nine Billy dollar deal ... second-biggest deal this year so that really got the market's attention ... we are I mean ... double play lead to more job cuts ... and on the job cuts with jobless claims ALPA's when or jump around a bit worn ... on with the job was cleaned up this morning ... there were good ... ten thousand ... We on last week for Vice up another three thousand through the third of four hundred and eighteen thousand ... Weekly level ... and this is for last week and this is the week that includes twelve ... which is what's called the reference week the BLS which compiles the monthly data the look of that week when they do the monthly report so it's not a good sign there going nowhere fast Johnson has been some some high-profile things look in on the past couple weeks with Cisco blamed on sixty five hundred year Lockheed Martin it's ... that I had all men are actually ... read the story front page of the Journal today about this of companies laying off ... then you also had with a multitude of ten AMD directly the leading indicators and with the Philly Fed ... which the analyst was doing the explicit was improved yet I mean it was it was better than expects better in Mossman the index numbers were basically flat ... of employment was a will that high residents ... someone surge right right now but we're also seeing other ... data that doesn't this show but there's been any big pickup in hiring ... many of the Conference Board's leading indicators sort of up ... to on a mishmash of a budget of think is that the together they come up with a number ... the number was zero point three which cells OK it's positive for a pretty good ... it was a was as expected but is David's down from a month ago here and they were not very confident ... that with a again they talk about these temporary be aware there's nothing of temporary factors ... but to temperate factors in gone on for a long time now and unless temper and taken all together it still pains this picture of an economy that small wall which is an interesting contrast and to the corporate earnings picture ... which continues to be strong right right with Morgan Stanley up this morning ... and was it was kind of a report that ... the net was down a lot that was really because of the restructuring of Reynolds's Japanese Mitsubishi ... on the revenue was up in the street like numbers and the numbers look very good ... in terms of Morgan Stanley's core business of where they might go right to sell one ... or analysts according to my piece of an inflection point for the comp and yet which I think that the big thing with our one the normal things with ... Morgan Stanley's earnings in contrast to Goldman ... it seemed as if we recently took a little more risk ... Goldman Sachs to Dell last quarter and and so that no isn't on the ... currency and commodities in commodities is banned in its been not that the Hodi area and so ... is it trading desks ... this big farms are doing pretty well there to risk it all buttressed on Wall Street ... was a lot of earnings was a way to ... get this morning to the numbers were were okay